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Investment Property Springvale, VIC, 3171

Suburb Snapshot

Springvale is a suburb in the Greater Dandenong Region of Victoria. Springvale has a population of 21,713 people and 34.30% of its occupants live in rental accommodation. The median listing price for houses is $815,000 and this has changed -0.61% over the past year and changed -4.12% over 2 years.

The median rent in Springvale for houses is $510 per week and the median rental yield is 3.25%. Stock on the market for houses/townhouses has changed -10.00% compared to last year and the average time to sell a house/townhouse is 171 days.The median listing price for units is $464,500 and this has changed -3.23% over the past year. The average unit takes 150 days to sell and the median rent for a unit in Springvale is $430 per week, producing a rental yield of 4.81%.

Supply & Demand in Springvale, Greater Dandenong

0.69%

Current vacancy rate


59

Rental stock available


21,713

Population


34.30%

Rental population


0.81%

Current vacancy rate


525

Rental stock available


152,051

Population


31.54%

Rental population


0.93%

Current vacancy rate


28,886

Rental stock available


5,926,624

Population


24.77%

Rental population


This is information is brought to you by realestateinvestar.com.au - The online home for property investors

Statistical data for Springvale, Greater Dandenong

  House Townhouses Units
Median listing price $815,000 $680,000 $464,500
Median price change - last quarter -1.83% -1.45% 0.00%
Median price change - 1 year -0.61% -1.45% -3.23%
Median price change - 2 years -4.12% 0.00% 3.22%
  House Townhouses Units
Median weekly rent $510 $645 $430
Median yield % 3.25% 4.93% 4.81%
Median rent change - 1 year 6.25% 10.25% 13.15%
  House Units
Previous month sales 10 2
Stock on market previous month 99 36
Stock variance vs. last year -10.00% -20.00%
Average days on market 171 150

Springvale investment property listings

Showing 1 of 1 investment properties found in Springvale on realestateinvestar.com.au

2/40 Amiel St, SPRINGVALE

$810,000

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VIC 3171


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